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Pittsfield Co-operative Bank

Pittsfield, MA · Cert 26393

SI · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

76

Q2 2024Q2 2026peer median (50)

Asset Quality

57

Q2 2024Q2 2026peer median (50)

Profitability

9

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

5

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Pittsfield Co-operative Bank

Pittsfield, MA · Cert 26393

SI · FDIC · 5 branches

Q2 2026

$451.5MAssets
$346.3MLoans
$327.7MDeposits
$55.6MEquity
Loan mix
89%RE $295.5M10%C&I $33.2M1%Consumer $3.1MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $253.9M23%Noninterest $73.9MQ2 2025Q2 2026

NIM

3.89%Q2 ’244.17%Q2 ’254.65%Q2 ’260%+12%

Non-interest income vs. expense

2.76%Q2 ’242.95%Q2 ’253.17%Q2 ’26+8%+1%

Market Position · Pittsfield, MA · 2026 SOD (annual) · 7.6% share · #6 of 9 inst. · $0.3B of $4.3B

Executive Summary

  • Earnings: ROA of 0.20%, up 11 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.36% of loans (-12 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.41%, down 144 bps from a year ago.
  • Funding: loans stand at 105.66% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.20%+11 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+30 bps YoY

Efficiency Ratio (YTD, annualized)

93.62%-805 bps YoY

Tier 1 Leverage Ratio

13.41%-144 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.09%-0.01%-0.31%0.13%0.20%+11 bps
Return on Equity0.71%-0.06%-2.31%1.00%1.59%+88 bps
Net Interest Margin2.54%2.54%2.62%2.87%2.83%+30 bps
Efficiency Ratio101.67%104.40%104.50%95.86%93.62%-805 bps
Non-Interest Burden2.58%2.67%2.76%2.74%2.62%+3 bps
Growth
Asset Growth (YoY)11.86%2.54%9.13%10.00%6.76%-509 bps
Loan Growth (YoY)7.50%12.35%17.72%19.97%19.68%+1,218 bps
Deposit Growth (YoY)9.50%3.85%4.57%7.96%4.38%-512 bps
Asset Quality
Nonperforming Loans / Loans0.48%0.49%0.35%0.34%0.36%-12 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.01%0.01%+1 bps
Allowance / Loans0.79%0.75%0.73%0.70%0.68%-11 bps
Allowance Coverage of NPLs1.6x1.5x2.1x2.0x1.9x+0.2x
Capital
Tier 1 Leverage Ratio14.85%14.58%14.11%13.71%13.41%-144 bps
Total Risk-Based Capital22.47%21.19%20.09%19.85%19.36%-311 bps
Equity / Assets13.01%13.41%12.81%12.43%12.32%-68 bps
Liquidity & Funding
Loans / Deposits92.16%98.20%102.39%103.05%105.66%+1,350 bps
Liquid Assets / Assets6.52%1.23%2.61%2.71%0.99%-553 bps
CRE / Total Capitaln/a100.66%115.91%126.47%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Pittsfield Co-operative Bank

Pittsfield, MA · Cert 26393 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

SI · FDIC · 5 branches

Q2 2026

$451.5MAssets
$346.3MLoans
$327.7MDeposits
$55.6MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 79% of banks under $1B in assets operating in a single state (rank 155 of 746).
  • Widest gap: efficiency ratio trails 95% of banks under $1B in assets operating in a single state (rank 707 of 746).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.20%

Rank 694 of 746

Net Interest Margin

2.83%

Rank 654 of 746

Efficiency Ratio

93.62%

Rank 707 of 746

Equity / Assets

12.32%

Rank 223 of 746

Non-interest income vs. expense

$2.5M$14.4MINCOMEEXPENSE
Unfavorable gap of $11.8M · efficiency ratio beats 5% of banks under $1B in assets operating in a single state
Bank 93.62%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.20%0.72%1.06%1.45%Beats 7%694 / 746
Return on Equity1.59%6.74%10.51%13.63%Beats 7%697 / 746
Net Interest Margin2.83%3.17%3.68%4.16%Beats 12%654 / 746
Efficiency Ratio93.62%55.74%64.58%75.47%Beats 5%707 / 746
Asset Quality
Nonperforming Loans / Loans0.36%0.09%0.42%1.07%Beats 56%331 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 57%322 / 743
Capital
Tier 1 Capital Ratio18.63%11.55%13.75%17.60%Beats 79%155 / 746
Total Risk-Based Capital Ratio19.36%11.71%14.33%18.43%Beats 79%156 / 746
Equity / Assets12.32%8.90%10.51%13.06%Beats 70%223 / 746
Liquidity & Funding
Loans / Deposits105.66%61.31%78.27%90.78%95th pctl37 / 746
Loans / Assets76.70%53.60%66.97%76.08%77th pctl171 / 746
Brokered Deposits / Depositsn/aNot reported for this institution